Argentina’s Javier Milei flips inflation on its head even as poverty grows

Inflation in Argentina has dropped to the single digits under President Javier Milei’s strict spending cuts, but the cost of living remains exuberant. 

In May, the Latin American nation saw its best month since Milei took office in December, when the monthly inflation rate cooled to 4.2% before inching up to 4.6% in June – a significant reduction from the three-decade high of 25.5% incurred by the end of 2023. 

The cuts have been championed by Milei, who campaigned on taking a "chainsaw"...